NRI Products/Services
NON RESIDENT EXTERNAL ACCOUNT (NRE)
For NRIs*/PIOs
Source of funds : Remittance from overseas/Transfer from existing NRE/FCNR(B) accounts
As Savings Bank (Interest Rate 3.5 % p.a. at half-yearly rests) & Term Deposit (Revised every month)
Minimum Period One Year
Maintained in rupee with repatriation facility for principal and interest
International ATM-cum-Debit Card permitted
Joint Account permitted with other NRIs.
Loan/Overdraft facility against Term Deposits
Premature withdrawal of Term Deposits permitted
Interest earned is fully exempted from income-tax
For Interest Rates Click Here